Citizendia

NASDAQ
TypeStock exchange
LocationNew York City, United States
OwnerThe NASDAQ OMX Group
Key peopleRobert Greifeld (CEO)
H. A stock exchange, share market or bourse is a Corporation or Mutual organization which provides "trading" facilities for Stock The City of New York The United States of America —commonly referred to as the NASDAQ OMX Group Inc ( is an United States public company that owns and operates the NASDAQ stock market and 7 European stock exchanges in the Nordic Robert Greifeld is the current CEO of NASDAQ.Robert Greifeld is President and Chief Executive Officer (CEO of the Nasdaq Stock Market Inc A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Furlong Baldwin (Chairman)
CurrencyUSD
No. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been  of listings3,200
IndexesNASDAQ Composite
NASDAQ-100
NASDAQ Biotechnology Index
Websitewww.nasdaqomx.com

The NASDAQ (acronym of National Association of Securities Dealers Automated Quotation System) is an American stock exchange. The Nasdaq Composite is a Stock market index of all of the Common stocks and similar securities (e The NASDAQ-100 is a Stock market index of 100 of the largest domestic and international non-financial companies listed on the NASDAQ stock exchange it is a modified The NASDAQ Biotechnology Index includes securities of NASDAQ -listed companies classified according to the Industry Classification Benchmark as either Biotechnology A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The United States of America —commonly referred to as the A stock exchange, share market or bourse is a Corporation or Mutual organization which provides "trading" facilities for Stock It is the largest electronic screen-based equity securities trading market in the United States. Electronic trading, sometimes called etrading, is a method of trading securities (such as Stocks and bonds, foreign Currency, and Software for Fixed assets management and Stock control developed in 2004. With approximately 3,200 companies, it lists more companies and has more trading volume per day than any other stock exchange in the world. [1]

It was founded in 1971 by the National Association of Securities Dealers (NASD), who divested themselves of it in a series of sales in 2000 and 2001. In Finance and Economics, divestment or divestiture is the reduction of some kind of Asset for either financial goals or ethical objectives It is owned and operated by the NASDAQ OMX Group, the stock of which was listed on its own stock exchange in 2002, and is monitored by the Securities and Exchange Commission (SEC). NASDAQ OMX Group Inc ( is an United States public company that owns and operates the NASDAQ stock market and 7 European stock exchanges in the Nordic The US Securities and Exchange Commission (commonly known as the SEC) is an independent agency of the United States government which holds primary responsibility

With the completed purchase of the Nordic-based operated exchange OMX, following its agreement with Borse Dubai, NASDAQ is poised to capture 67% of the controlling stake in the aforementioned exchange, thereby inching ever closer to taking over the company and creating a trans-atlantic powerhouse. The Nordic countries make up a region in Northern Europe called the Nordic region, consisting of Denmark, Finland, Iceland, OMX AB ( A ktie' b' olaget O ptions' m' äklarna/Helsinki Stock E' x' change is a Swedish - Finnish Financial Borse Dubai is a Stock exchange in the United Arab Emirates. It is the Holding company for Dubai Financial Market (DFM and Dubai International [2] Nasdaq-OMX group as it's now known now controls and operates the NASDAQ stock market in NYC, which is the second largest in the US; in addition, it now operates eight stock exchanges in Europe and also holds 33. 3% of the Dubai Stock Exchange. It has a double-listing agreement with OMX, which will render it more effective than the NYSE-Euronext group in attracting new listings.

Contents

History

See also: Economy of New York City

When the NASDAQ stock exchange began trading on February 8, 1971, the NASDAQ was the world's first electronic stock market. The economy of New York City is the largest regional economy in the United States and the second largest city economy in the world A stock exchange, share market or bourse is a Corporation or Mutual organization which provides "trading" facilities for Stock Events 421 - Constantius III becomes co- Emperor of the Western Roman Empire. Year 1971 ( MCMLXXI) was a Common year starting on Friday (link will display full calendar of the 1971 Gregorian calendar. At first, it was merely a computer bulletin board system and did not actually connect buyers and sellers. An, or message board, is a Bulletin board system in the form of a discussion site The NASDAQ helped lower the spread (the difference between the bid price and the ask price of the stock) but somewhat paradoxically was unpopular among brokerages because they made much of their money on the spread.

NASDAQ was the successor to the over-the-counter (OTC) and the "Curb Exchange" systems of trading. Over-the-counter ( OTC) trading is to Trade Financial instruments such as Stocks bonds, commodities or derivatives As late as 1987, the NASDAQ exchange was still commonly referred to as the OTC in media and also in the monthly Stock Guides issued by Standard & Poor's Corporation. Standard & Poor's ( S&P) is a division of McGraw-Hill that publishes financial research and analysison Stocks and bonds. [3]

Over the years, NASDAQ became more of a stock market by adding trade and volume reporting and automated trading systems. NASDAQ was also the first stock market in the United States to advertise to the general public, highlighting NASDAQ-traded companies (usually in technology) and closing with the declaration that NASDAQ is "the stock market for the next hundred years. " Its main index is the NASDAQ Composite, which has been published since its inception. The Nasdaq Composite is a Stock market index of all of the Common stocks and similar securities (e However, its exchange-traded fund tracks the large-cap NASDAQ 100 index, which was introduced in 1985 alongside the NASDAQ 100 Financial Index. The NASDAQ-100 is a Stock market index of 100 of the largest domestic and international non-financial companies listed on the NASDAQ stock exchange it is a modified

Until 1987, most trading occurred via the telephone, but during the October 1987 stock market crash, market makers often didn't answer their phones. In financial markets Black Monday refers to Monday, October 19, 1987, when Stock markets around the world crashed, shedding a A market maker is a firm that quotes both a buy and a sell price in a Financial instrument or Commodity, hoping to make a profit on the turn To counteract this, the Small Order Execution System (SOES) was established, which provides an electronic method for dealers to enter their trades. The Small Order Execution System (SOES is a system to facilitate clearing trades of low volume on NASDAQ. NASDAQ requires market makers to honor trades over SOES. [4]

In 1992, it joined with the London Stock Exchange to form the first intercontinental linkage of securities markets. The London Stock Exchange or LSE is a Stock exchange located in London, England. The capital market is the Market for securities, where companies and Governments can raise longterm funds NASDAQ's 1998 merger with the American Stock Exchange formed the NASDAQ-Amex Market Group, and by the beginning of the 21st century it had become the largest electronic stock market (in terms of both dollar value and share volume) in the United States. The American Stock Exchange ( AMEX) is an American Stock exchange situated in New York. NASD spun off NASDAQ in 2000 to form a publicly traded company, the NASDAQ Stock Market, Inc.[5]

On November 8, 2007, NASDAQ bought the Philadelphia Stock Exchange(PHLX) for US$652,000,000. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc NASDAQ OMX Group Inc ( is an United States public company that owns and operates the NASDAQ stock market and 7 European stock exchanges in the Nordic Events 1519 - Hernán Cortés enters Tenochtitlán and Aztec ruler Moctezuma welcomes him with great a Celebration Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Philadelphia Stock Exchange (PHLX was the oldest Stock exchange in the United States, founded in 1790. PHLX is the oldest stock exchange in America, having been in operation since 1790. [6]

NASDAQ lists approximately 3,200 securities, of which 335 are non-U. A security is a Fungible, Negotiable instrument representing financial value S. companies from 35 countries representing all industry sectors. [7] To qualify for listing on the exchange, a company must be registered with the SEC, have at least three market makers (financial firms that act as brokers or dealers for specific securities), and meet minimum requirements for assets, capital, public shares, and shareholders. A market maker is a firm that quotes both a buy and a sell price in a Financial instrument or Commodity, hoping to make a profit on the turn [8] NasdaqOMX now has a dual listing agreement with the Tel Aviv Stock Exchange.

Business

The NASDAQ Composite index.
The NASDAQ Composite index. The Nasdaq Composite is a Stock market index of all of the Common stocks and similar securities (e

NASDAQ allows multiple market participants to trade through its Electronic Communication Networks (ECNs) structure, increasing competition. An electronic communication network ( ECN) is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of Competition is a rivalry between individuals groups nations or animals for territory or resources The Small Order Execution System (SOES) is another NASDAQ feature, introduced in 1987, to ensure that in 'turbulent' market conditions small market orders are not forgotten but are automatically processed. The Small Order Execution System (SOES is a system to facilitate clearing trades of low volume on NASDAQ. With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other stock exchange in the world. NASDAQ will follow the New York Stock Exchange in halting domestic trading in the event of a sharp and sudden decline of the Dow Jones Industrial Average. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The Dow Jones Industrial Average ( also called the DJIA, Dow 30, INDP, or informally the Dow Jones or The Dow) is one of several [9]

Market share

As of March 1, 2007, accounts for about 14-15% of the shares traded. Events 86 BC - Lucius Cornelius Sulla, at the head of a Roman Republic army enters in Athens, removing the Tyrant Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. For Tape C securities, it accounts for approximately 45-98% of the trading volume. A national market system plan (or NMS plan) is a structured method of transmitting securities transactions in real-time [10]

Fees

NASDAQ has a maker taker pricing system that offers lower liquidity removal fees and more favorable added-liquidity rebates based on how much trading volume the market participant executes on the NASDAQ system. Market liquidity is a Business, Economics or Investment term that refers to an Asset 's ability to be easily converted through an act of buying

Exchange Pricing wars have taken place since the demutualization of the Equities exchanges in the US. Nasdaq uses several maker-taker pricing models depending on Tape and customers.

Quote availability

NASDAQ quotes are available at three levels:

Trading Schedule

The NASDAQ Stock Market Trading Sessions (Eastern Time)[12]

Indexes

Markets

See also

References

  1. ^ NASDAQ Performance Report. The Nasdaq Composite is a Stock market index of all of the Common stocks and similar securities (e The NASDAQ-100 is a Stock market index of 100 of the largest domestic and international non-financial companies listed on the NASDAQ stock exchange it is a modified The NASDAQ Biotechnology Index includes securities of NASDAQ -listed companies classified according to the Industry Classification Benchmark as either Biotechnology Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27 2005 NASDAQ MarketSite (or simply MarketSite) is the physical presence of the NASDAQ Stock market. ACT, or Automated Confirmation of Transactions, is a NASDAQ Stock market system for reporting and clearing trades NASDAQ Newsroom. The Nasdaq Stock Market (2007-01-12). Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 475 - Basiliscus becomes Byzantine Emperor, with a coronation ceremony in the Hebdomon palace in Constantinople Retrieved on 2007-02-15. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 590 - Khosrau II is crowned as king of Persia 1637 - Ferdinand III becomes Holy Roman Emperor
  2. ^ Dubai looking to crash Nasdaq OMX deal: paper. Reuters (2007-05-27). Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 927 - Simeon the Great, Tsar of Bulgaria, dies 1120 - Richard III of Capua is anointed Retrieved on 2007-10-29. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 437 - Valentinian III, Western Roman Emperor, marries Licinia Eudoxia, daughter of his cousin Theodosius II
  3. ^ Standard & Poor's Corporation, Stock Guide, Year End 1987 issue
  4. ^ Wells, Rob. "'Market for Next 100 Years' is 25", Associated Press.  
  5. ^ History of the NASDAQ and American Stock Exchanges. The Library of Congress: Business Reference Services (September 2006).
  6. ^ James Quinn. "Nasdaq to buy Philadelphia Stock", London Telegraph, 2007-11-08. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1519 - Hernán Cortés enters Tenochtitlán and Aztec ruler Moctezuma welcomes him with great a Celebration  
  7. ^ NASDAQ Facts NASDAQ
  8. ^ Listing On NASDAQ NASDAQ
  9. ^ Circuit Breaker Trigger Points and Trade Halt Durations. nasdaqtrader. com.
  10. ^ Market Volume Summary. batstrading. com.
  11. ^ Order Book, Level 2 Market Data, and Depth of Market. daytrading. about. com.
  12. ^ Nasdaq Trading Schedule. NASDAQ.

External links


Dictionary

NASDAQ

-proper noun

  1. National Association of Securities Dealers Automated Quotations, an electronic stock market.
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